Inspiration
We saw the need to significantly improve the efficiency and speed of single and multiple transaction processes and several other challenges that plagued the crypto industry. These daily challenges, like high investment risks due to price volatility of gas fees and security of apps, inadequate market depth, and low inventory capacities, are the most frequent challenges the cryptocurrency industry faces. Luckily, we have created a platform that has resolved all the above challenges while providing our users with a swift, user-centric trading interface.
What it does
SWFT combines elements of big data with the blockchain and artificial intelligence to provide a platform where users can swiftly pay, swap, and perform other transactions on over 600+ digital currencies with the lowest fees you’ve ever come across. Our cross-chain swap aggregator also supports mainstream NFT projects and trading platforms for everyone interested in the NFT world.
How we built it
We are working tirelessly hand-in-hand with industry professionals, partners, and our users to deliver solutions that meet the needs of cryptocurrency users. From our dedicated support team to our fast and easy sign-up process, we are developing an ecosystem that enables people from every part of the world to take ownership of their digital assets. Recently, we had some more XRPL cryptocurrencies listed on our cross-chain swap and payment platform in addition to other integrations on our ecosystem.
Challenges we ran into
The current hack raised some users' concerns about bridge security. The currently market situation is also a big concern. There are so many bridges and DEXs out there right now, how to stand out is also one of topics we are working really hard on.
Accomplishments that we're proud of
SWFT Blockchain has received investment in the form of first-tier venture capital in the United States, including Draper Dragon. In the past five years SWFT has established cooperation with many industry elites and the swap API has also been integrated into many well-known wallets. Tokens listed in the SWFT platform enjoy exposure and traffic from many major wallets and platforms, leading to a potential increase in liquidity. SWFT has a mature risk control mechanism that ensures the safety of user assets, with no security incidents since its inception. SWFT has been selected as Berkeley Blockchain’s first ever Xcelerator’s. Additionally, SWFTC will be listed on Coinbase soon.
What we learned
World changes a lot, SWFT adapted and learnt to keep up the pace with the rapid changing crypto world. Our core team has been stayed together from the beginning, we have learnt a lot from each other, and also the changing rules.
What's next for SWFT
Not only the token swap, SWFT also tried to step into NFT world, the really interoperability is not only between tokens, but also NFTs, GameFi items, and more assets form in the future.
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